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Crisil, the country’s largest rating agency and a subsidiary of Standard & Poor’s’, today released first bank loan ratings, which would allow banks to allocate substantially lesser capital for A to AAA entities.
Crisil has rated the bank facilities of Hero Honda, Hero Honda Finlease, NTPC, Reliance Industries, and UltraTech.
The ratings will help banks determine [...]

The move may result in higher bad loans.
State Bank of India (SBI) has decided to increase the equated monthly instalments (EMIs) on floating rate home loans for the first time after it raised interest rates over the past one year. Even though the bank expects the decision to result in higher defaults, it is [...]

State Bank of India (SBI), the country’s largest lender, has put on hold equity issues by its seven associate banks for the next three to four months, the time it will spend to decide whether to merge them with itself or let them carry on independently for some more time.
SBI feels the decision will [...]

State Bank of India (SBI) has set itself on a transformation path to scale up its profile to match that of the private and foreign banks.
Currently, only three per cent of its individual customers are from the mass affluent segment, and the bank is also unable to provide sophisticated solutions to corporates.
The country’s largest [...]

state Bank of India, Visakhapatnam module, will open 10 more branches in the city during this fiscal. The Vizag zone controls 197 branches in four coastal districts from Srikakulam to East Godavari.
“During the last fiscal, we opened only two new branches in entire module, but this year the bank is planning to start 10 [...]

Owing to this norm, the state-owned banks foraying into the insurance sector have to rope in one more domestic partner to form an insurance venture.
After finalising the third partner, Bank of Baroda will seek approval from the RBI.
Andhra Bank has been planning to enter the life insurance sector for quite some time and was [...]

The Life Insurance Corporation of India (LIC) is believed to be talking with GE Capital Services, the largest issuer of private label credit cards in the world, for a foray into credit cards.
A source close to the development said talks are at a preliminary stage with other companies also. However, GE is the frontrunner.
Sources [...]

It is must for a company to grow their business but for growing a business the capital is must and for take over a competitor ,build or purchase new facilities,for expand your business money is must.There are two ways to obtain money take a loan or sell equity. Accordingly, careful consideration, strategic thinking, thorough [...]

Small Business Loan refers to the amount of money borrowed by an aspiring small business owner to set up or to run or to expand a small business. So, the small business loans provide necessary economic support to a person who is willing to own a small business or already owns one. There are [...]

Country’s largest private lender ICICI Bank is planning to bring changes in its products to make them suitable for the rural areas — its new targeted sector for widening reach.
The bank, which has already established its hold both in the agricultural and non-agricultural sector in the rural areas, would modify certain urban products to [...]

HDFC has reduced rates on variable rate home loans by 25 basis points for new borrowers. The country’s largest housing finance provider said the rate cut was a part of a monsoon promotional offer.
“As part of the monsoon offer, a customer applying for home loan up to Rs 50 lakh between June 18 and [...]

Higher credit offtake combined with robust deposit growth saw six public sector banks cross the landmark Rs 100,000 crore figure in business turnover, which includes net deposits as well as advances, in 2006-07.
The six banks that have joined the major league are Syndicate Bank, Indian Overseas Bank, UCO Bank, Oriental Bank of Commerce, IDBI [...]

There are many options available in the market for taking a loan but the interest rate and the procedure of granting loan is very complex, loans against your LIC Policy is better option for  you. the information about these loans are given below
Many of LIC plans are of endowment type and you would be [...]

Banking, financial services and insurance (BFSI) sector emerged the highest spender on IT in 2006 and is expected to do an encore this year, according to a Nasscom study.
According to the Nasscom Tracking of IT adoption study 2006, the energy and utility segment followed BFSI in terms of highest average IT spending in 2006. [...]